Industry disgruntled by iShares proposals

BlackRock and its ETF business iShares have been vocal in making recommendations for the ETF market but this has not met with much acceptance. After iShares told a Senate hearing on ETFs that US derivatives-based ETFs should be renamed, ProShares' chief executive Michael Sapir said iShares is pushing its own agenda. In conversations ETFM has had with ETF providers in Europe - where iShares has also called for changes - there is some agreement with this remark. Although they support calls for transparency, providers disagree that products should be re-classified in order to achieve...